FL ARCHIVED January 2017 | Page 67

Siesta Key Community Information | School District

Siesta Key Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
Market Time The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for January was 95 , down 8.7 % from 104 days last month and down 26.9 % from 130 days in January of last year . The January 2017 DOM was at its lowest level compared with January of 2016 and 2015 .
250
200
150
100
138
130
95
50
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
direction of Property values . Since Median Sales Price and
490
Average Sales price can be impacted by the ' mix ' of high or low
end Properties in the market , the selling price per square foot is a
470
more normalized indicator on the direction of Property values .
The January 2017 Selling Price per Square Foot of $ 453 was up
450
11.0 % from $ 408 last month and down 4.8 % from 475 in
430
January of last year .
410
Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price . The lower the ratio is below 100 % the more of a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The January 2017 Selling Price vs Original List Price of 92.8 % was down from 92.9 % last month and up from 92.2 % in January of last year .
Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in January 2017 was 79 , up 12.9 % from 70 last month and down 9.2 % from 87 in January of last year .
0
390 370 350
95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 % 85 %
450 400 350 300 250 200 150 100 50 0
F
M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
386
F
M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
14
15
16
17
Selling Price versus Listing Price Ratio
88.4 %
F
M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
14
15
16
17
Inventory / New Listings / Sales
404 390 399 390
340 320 315
Avg Selling Price divided by Avg Listing Price for sold properties during the month
313 308 309
328
370 399 408
377
337
326 288 273 269 275 296 282
475
92.2 %
323 353 366 371 357 350 323 316 314
3 Mo Avg
F
M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
14
15
16
17
346 357
379
453
92.8 %
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